April 23, 2019 Weekly Crypto Round Up
Nightfalls, And Now My Watch Begins
. The move is an attempt to help boost of secure, private transactions on public blockchains. The project, called ‘Nightfall’, uses a zero-knowledge proof private transaction protocol to help clients use the . A zero-knowledge proof is a cryptographic method of proving the validity of information without actually revealing the information itself. According to EY, the new technology is the solution to a lack of security and privacy on public blockchains.
‘Nightfall’ represents the next step in the evolution of EY’s Ops Chain product. The application platform is based on the network and is significant for several reasons. First, the software is designed to run on public networks, not private networks like many other corporate attempts to capitalize on solutions. Furthermore, clients who use the software can still trace transactions for auditors or regulators without divulging additional information. ‘Nightfall’ is expected to be released by the end of May.
Published at Tue, 23 Apr 2019 17:15:17 +0000
